ADTRAN, Tilray Brands And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures traded higher this morning. Here are some big stocks recording losses in today’s pre-market trading session.

• ADTRAN Holdings, Inc. ADTN shares dipped 10.9% to $13.46 in pre-market trading after the company reported preliminary results for Q1. The company said it sees Q1 revenue of $322 million to $326 million, versus prior guidance of $355 million to $375 million.
• The Liberty SiriusXM Group LSXMA dropped 9.8% to $26.08 in pre-market trading. Liberty Media is scheduled to host a conference call to discuss results for the first quarter on May 5, 2023.
• Office Properties Income Trust OPI shares dropped 8.2% to $10.60 in pre-market trading. Office Properties Income Trust agreed to acquire all outstanding common shares of Diversified Healthcare Trust in an all-share transaction.

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• Tilray Brands, Inc. TLRY fell 6.9% to $2.55 in pre-market trading after the company reported third-quarter financial results and announced its acquisition plans for Canadian cannabis producer Hexo.
• Kura Sushi USA, Inc. KRUS dropped 5.3% to $54.00 in pre-market trading as the company reported the launch of 1.1 million share public offering of common stock.
• Southwestern Energy Company SWN declined 4.4% to $5.05 in pre-market. Wells Fargo downgraded Southwestern Energy from Equal-Weight to Underweight and lowered the price target from $6 to $5.
• Shengfeng Development Limited SFWL fell 4% to $4.86 in pre-market trading after jumping 28% on Monday.
• EPR Properties EPR shares dropped 3.1% to $37.55 in pre-market trading.

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